Online Business Accounting

Which of the following is not a role of accounting in business?

a.To provide reports to users about the economic activities and conditions of a business. b.To personally guarantee loans of the business. c.To provide information to other users to determine the economic performance and condition of the business. d.To assess the various informational needs of users and design its accounting system to meet those needs.

Public Comments

1. b.To personally guarantee loans of the business. Accounting firms do not provide this service. Banks generally do.